Monday, 1 August 2016

Zinc trading range for the
day is 145.5-153.1. Zinc gained as prices
were benefiting from higher demand coming from China which is being
reflected in the surge in Chinese imports this year.
Chinese-owned MMG Ltd. is seeking new zinc mines in
Peru after a dearth of global exploration in past decades led to an
output crunch. The global market for refined zinc metal was
in deficit by 64,000 mt from January to May 2016 with total reported
inventories falling by 24,000 mt.